Let’s not forget this is happening with the blessing and assistance of the government. They concern themselves with little people not paying taxes. The wealthy get a free ride. And the consequence to society is devastating:
Wealthy Americans owe approximately 28% of all back taxes and have avoided paying an estimated $163 billion each year, according to a new report published by the U.S. Department of the Treasury.
According to The New York Times, the Treasury found the top 1% of the United States’ ultra-wealthy that have avoided paying taxes is “pushing the estimated tax gap, the amount of money owed by taxpayers that isn’t collected, to nearly around $600 billion annually, and to approximately $7 trillion in lost revenue over the next decade.”